Rosneft & EGAS Agreed on the Term Sheet of LNG Supplies

Source: www.gulfoilandgas.com 7/7/2015, Location: Africa

Rosneft Chairman of the Management Board Igor Sechin and Egyptian Natural Gas Holding Company (EGAS) Chairman Khaled Abd El Badee signed a Term Sheet for Rosneft future supplies of liquefied natural gas (LNG) to the Egyptian company.

The document defines key terms of the future cooperation between the companies in the area of LNG supplies.

The implementation of the terms of the signed document will allow Rosneft to access the high growth potential Egyptian gas market and deepen broader cooperation between the two companies. In addition the cooperation with EGAS will allow Rosneft to strengthen its position in the global LNG trading market.


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